Malaysia Case Law: Decisions & Judgments

Topic

Appointment of liquidators

Legal area

Court

27 May 2025

PEMPETISYEN 1. ) Globalmariner Offshore Services Sdn Bhd 2. ) BOOMSLANG TECHNOLOGY SDN. BHD. 3. ) Dynac Sdn Bhd 1. ) TH HEAVY ENGINEERING BERHAD (DALAM PENGGULUNGAN) 2. ) TH HEAVY ENGINEERING BERHAD PIHAK TERKILAN 1. ) STAR KRIS SERVICES SD

Citation

WA-28NCC-175-02/2024 (Mahkamah Tinggi)
Court

High Court
Case number

WA-28NCC-175-02/2024 (Mahkamah Tinggi)

The voluntary liquidation of TH Heavy Engineering Berhad could not be continued with due regard to the interests of creditors because of conflicts of interest and lack of independence of the voluntary liquidators, procedural irregularities, suspicious pre-liquidation transactions necessitating independent forensic investigation, and overwhelming support from independent creditors; accordingly the court ordered compulsory winding up under s464 and appointed the petitioners' nominees (Lim Tian Huat and Chiang Teng Guan) as joint and several liquidators, with costs awarded.
27 May 2025

PEMPETISYEN 1. ) Globalmariner Offshore Services Sdn Bhd 2. ) BOOMSLANG TECHNOLOGY SDN. BHD. 3. ) Dynac Sdn Bhd 1. ) TH HEAVY ENGINEERING BERHAD (DALAM PENGGULUNGAN) 2. ) TH HEAVY ENGINEERING BERHAD PIHAK TERKILAN 1. ) STAR KRIS SERVICES SD

Citation

WA-28NCC-175-02/2024 (Mahkamah Tinggi)
Court

High Court
Case number

WA-28NCC-175-02/2024 (Mahkamah Tinggi)

The voluntary winding up of TH Heavy Engineering Berhad could not be continued with due regard to the interests of creditors because of procedural breaches, conflicts of interest of interim liquidators, suspicious pre-liquidation transactions and the demonstrable need for independent investigation; petitioners representing the majority of independent creditor value supported conversion and their nominated liquidators were fit and suitable, so the court ordered conversion to compulsory winding up and appointed the petitioners' nominees as joint and several liquidators.
5 Dec 2023

PEMPETISYEN Bank Pembangunan Malaysia Berhad Zavarco Berhad

Citation

WA-28NCC-966-12/2022 (Mahkamah Tinggi)
Court

High Court
Case number

WA-28NCC-966-12/2022 (Mahkamah Tinggi)

Because the Petitioner held an unsuperseded judgment debt which the Respondent failed to satisfy after a statutory demand, there was no bona fide dispute and a presumption of insolvency arose; pending counterclaims and appeals did not prevent winding up; accordingly the Court ordered the Respondent wound up and appointed the Petitioner's proposed joint liquidators.
20 Sept 2022

SHAN SAN LING HOLDING SDN BHD 1. ) KINTA VALLEY RESORT SDN BHD 2. ) TAN LEH KIAH 3. ) CHEAI WENG HOONG 4. ) PERBADANAN KEMAJUAN NEGERI PERAK 5. ) YAYASAN PERAK 6. ) IGB UTARA SDN BHD 7. ) SUNWAY CITY SDN BHD 8. ) SUNWAY HOLDINGS SDN BHD 9.

Citation

WA-24NCC-103-02/2022 (Mahkamah Tinggi)
Court

High Court
Case number

WA-24NCC-103-02/2022 (Mahkamah Tinggi)

Originating Summons dismissed: plaintiff failed to obtain required leave from winding up court and the action was barred by inordinate delay and laches causing prejudice to third parties; material defects pleaded (late declaration, appointment wording) were either non-existent or curable under s.355 CA 1965 and acts of liquidators and the sale to the purchaser were valid or protected by s.268 CA 1965.
26 Apr 2021

Low Kin Fai and Joyce Low for the Petitioner [Messrs CY Wong, Ng & Partners] Anantha Krishna for the Respondent [Messrs Anantha Krishnan] LAIN-LAIN 1. ) Nazihah Hanis for CIMB Bhd, Supporting Creditor [Messrs Sidek Teoh Wong & Dennis] 2. )

Citation

COMPANIES (WINDING UP) NO. WA-28NCC-615-06/2019 (Mahkamah Tinggi)
Court

WINDING UP
Case number

COMPANIES (WINDING UP) NO. WA-28NCC-615-06/2019 (Mahkamah Tinggi)

On the balance of probabilities the petitioner proved the debt by tax invoices, delivery orders and contemporaneous admissions and requests for indulgence; the respondent failed to establish a bona fide dispute or illegality; failure to comply with the statutory demand triggered the presumption of inability to pay; therefore the winding up petition succeeds and joint liquidators are to be appointed.

Malaysia Case Law

PEMPETISYEN 1. ) Globalmariner Offshore Services Sdn Bhd 2. ) BOOMSLANG TECHNOLOGY SDN. BHD. 3. ) Dynac Sdn Bhd 1. ) TH HEAVY ENGINEERING BERHAD (DALAM PENGGULUNGAN) 2. ) TH HEAVY ENGINEERING BERHAD PIHAK TERKILAN 1. ) STAR KRIS SERVICES SD

PEMPETISYEN 1. ) Globalmariner Offshore Services Sdn Bhd 2. ) BOOMSLANG TECHNOLOGY SDN. BHD. 3. ) Dynac Sdn Bhd 1. ) TH HEAVY ENGINEERING BERHAD (DALAM PENGGULUNGAN) 2. ) TH HEAVY ENGINEERING BERHAD PIHAK TERKILAN 1. ) STAR KRIS SERVICES SD

PEMPETISYEN Bank Pembangunan Malaysia Berhad Zavarco Berhad

SHAN SAN LING HOLDING SDN BHD 1. ) KINTA VALLEY RESORT SDN BHD 2. ) TAN LEH KIAH 3. ) CHEAI WENG HOONG 4. ) PERBADANAN KEMAJUAN NEGERI PERAK 5. ) YAYASAN PERAK 6. ) IGB UTARA SDN BHD 7. ) SUNWAY CITY SDN BHD 8. ) SUNWAY HOLDINGS SDN BHD 9.

Low Kin Fai and Joyce Low for the Petitioner [Messrs CY Wong, Ng & Partners] Anantha Krishna for the Respondent [Messrs Anantha Krishnan] LAIN-LAIN 1. ) Nazihah Hanis for CIMB Bhd, Supporting Creditor [Messrs Sidek Teoh Wong & Dennis] 2. )